Marks and Spencer

Joel Hills Business Editor

Shopping is moving online at pace but M&S.com is behind the competition.

Marks & Spencer has unveiled another year of falling profits as the high street giant counts the cost of its transformation programme.

Joel Hills Business Editor

M&S chief executive, Steve Rowe, has decided to take a more aggressive approach.

Marks & Spencer has announced plans to close another eight stores in a move impacting 468 jobs.

Tesco reported a steep rise in Christmas sales while Marks and Spencer reported a "mixed" result over the holiday period.

Marks & Spencer is stepping up plans to close under-performing clothing stores as it battles to turn its fortunes around.

The company posted a 63.5% plunge in bottom line pre-tax profits to £176.4 million on a comparable 52-week basis.

Archie Norman, who has lead several major company overhauls in recent years, will succeed Robert Swannell in September.

The supermarket has apologised over claims the livestock were up to six months old despite rules banning such housing beyond eight weeks.

Viewers were left divided after watching John Lewis's festive offering.